Do We Still Need to Ban U.S. Oil Exports?
Larry Summers and Ed Markey debate whether to lift the ban on U.S. oil exports imposed by Congress in 1975
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Summers vs. Markey on the U.S. oil export ban
Former Treasury Secretary Larry Summers
“If we allow oil exports, the price received by U.S. producers will rise, which will lead to more production—meaning more employment and investment. Permitting the export of oil will actually reduce the price of gasoline.